Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement within the field. We’ll be taking the time to look at Profit.ly is a well-known single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitlink
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitlink
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared towards achieving success. You can create an account there for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, via screenshots. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of expertise. Profitlink
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitlink
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in the novice plan. This plan allows that you are able to create a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Profitlink
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few other services they provide. One of them is the online store, which lets users pick from a range of videos created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You may be familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and less engaged, while another could be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profitlink
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you need to have an open mind. Profitlink
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly want to become a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.